Microsoft and OpenAI said on Sept 11 they have signed a non-binding deal for new relationship terms that would allow OpenAI to proceed to restructure itself into a for-profit company, marking a new p...

"Together, we remain focused on delivering the best AI tools for everyone, grounded in our shared commitment to safety," they said.

OpenAI intends to allocate an equity stake worth over $100 billion in the new corporation to its nonprofit arm, according to reports.